by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Dec 11, 2023 | Financial Aid
Most families welcome any type of external financial aid that can help them afford college. Although they may not accept all aid offered to them, they prefer a wide array of choices. The FAFSA process is the best way to obtain aid from Federal and state governments,...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Nov 15, 2023 | Tax Planning
Business owners hire their children for sound reasons such as instilling a strong work ethic, teaching responsibility, encouraging entrepreneurship, reducing taxes, and saving for a college education. The Tax Cuts and Jobs Act of 2018(TCJA) enables the last two of...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Nov 9, 2023 | Tax Planning
When grandparents do estate planning, they often want to provide for their grandchildren’s education. They seek to ensure that assets put aside for grandchildren are used to cover the costs of college and nothing else. Toward this end, they should consider adding a...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Oct 30, 2023 | Financial Aid
The Federal Work-Study (FWS) Program provides a way for students to earn money for their education by working at a part-time job while in a college or career school. There are about 3,400 schools participating in the program, which is managed by the Student Aid Office...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Oct 19, 2023 | Tax Planning
The Uniform Transfers To Minors Act (UTMA) and the Uniform Gifts to Minors Act (UGMA) are two laws that, combined, give us the term “UTMA/UGMA”, perhaps the most indecorous acronym in college financial planning. Yet UTMA/UGMA’s are a useful tool for those seeking to...
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